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  • #62,501
  • Jan 31, 2025 8:11am Jan 31, 2025 8:11am
Quoting Commodities
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She is going to lose her account today
.
  • #62,502
  • Jan 31, 2025 8:11am Jan 31, 2025 8:11am
Come on gold stop being stupid, time to go up, 2790s are bye bye
  • #62,503
  • Jan 31, 2025 8:12am Jan 31, 2025 8:12am
Quoting 10pipwarrior
{quote} im in the same boat, but 4 years now. i make 6 figures a year now. and thats part time. still got the day job, but also part time. will retire probably in 5years if 6 figures is consistent. do you have a community to chit chat about your trades? i dont really follow peoples calls/predictions. i more like to read about their analysis and how they manage their positions and risk. i dont do the 1% stuff either i risk more. but i know how to manage my accounts. like in my last trade, i just moved SL to entry to break even after being in profit...
No, I don't have a trading community. I'm an independent trader. I do everything myself. There are times when I make a profit, and there are times when I take a loss. That's normal. I usually have a daily target. I trade using key levels and templates for sessions, daily, weekly, monthly, and yearly charts. But every day I use session and daily templates. Sometimes I feel stuck and don't see opportunities, but there are also times when I see opportunities clearly. But I'm still in the learning process. And I have no other job. I only trade and focus on the gold market.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #62,504
  • Jan 31, 2025 8:25am Jan 31, 2025 8:25am
Quoting MissD
{quote} No, I don't have a trading community. I'm an independent trader. I do everything myself. There are times when I make a profit, and there are times when I take a loss. That's normal. I usually have a daily target. I trade using key levels and templates for sessions, daily, weekly, monthly, and yearly charts. But every day I use session and daily templates. Sometimes I feel stuck and don't see opportunities, but there are also times when I see opportunities clearly. But I'm still in the learning process. And I have no other job. I only trade...
PM me, theres a group of us, small members. im the only 1 or 2 gold traders, the rest just trade indices but they're brokers/investmentbankers/data analyst so you get really good news/intel from them and how to manage super / investments stock market/ETF wise.

thats good, usually when i dont see opportunities its only coz i only know a few set ups. like strategies etc.
and tbh thats all you need, you dont need fibs/elliot wave/abc/liqudity/highs/lows/ranges. you can just know a few and youll be fine, if 1 trade makes you a days wage....they in theory...you only need to do 1 trade a day. and before you know it...account grows after 24 months. trade the same way with higher lot size...= double days pay in a day off 1 trade etc. trading should be simple. dont stress.
sometimes i see an opportunity im 50/50 as i dont know what to look out for but i guess the direction. but i always wondered why it went my way so i study it. its normal haha
Trade what’s happening, not what you think is going to happen.
  • #62,505
  • Jan 31, 2025 8:30am Jan 31, 2025 8:30am
Gold on the rise! Fed easing and uncertainties push XAU/USD toward $3,000!
The greed that moves you is the same that kills you.
Rodrigo Rodrigues Fx | Manual Trading All Time Return: 2.5%
  • #62,506
  • Jan 31, 2025 8:32am Jan 31, 2025 8:32am
Quoting PatienceFx
{quote}. {image}
I'm thinking he might still hold shorts but relize market would do opposite to what he says
  • #62,507
  • Jan 31, 2025 8:34am Jan 31, 2025 8:34am
Quoting 10pipwarrior
{quote} PM me, theres a group of us, small members. im the only 1 or 2 gold traders, the rest just trade indices but they're brokers/investmentbankers/data analyst so you get really good news/intel from them and how to manage super / investments stock market/ETF wise. thats good, usually when i dont see opportunities its only coz i only know a few set ups. like strategies etc. and tbh thats all you need, you dont need fibs/elliot wave/abc/liqudity/highs/lows/ranges. you can just know a few and youll be fine, if 1 trade makes you a days wage....they...
Okay, I'll send you a private message. My daily trading plan starts by looking at how the previous US session ended. Then, once the Asian session is over, I decide whether to keep my position or re-enter based on the Asian session's high and low points. I usually take my profits based on the Asia Kill Zone range. I'm generally able to make a consistent 100-300 pips a day.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #62,508
  • Jan 31, 2025 8:35am Jan 31, 2025 8:35am
Quoting MissD
{quote} No, I don't have a trading community. I'm an independent trader. I do everything myself. There are times when I make a profit, and there are times when I take a loss. That's normal. I usually have a daily target. I trade using key levels and templates for sessions, daily, weekly, monthly, and yearly charts. But every day I use session and daily templates. Sometimes I feel stuck and don't see opportunities, but there are also times when I see opportunities clearly. But I'm still in the learning process. And I have no other job. I only trade...
As an old-timer, let me give you a few advices you might appreciate in the long term:

  1. remember there are only 2 approaches to trading: gut (discretionary) trading and mechanical trading. I prefer mechanical trading because you can actually backtest with real value. Most traders here do discretionary trading which includes all the fibs, trendlines, channels and other stuff with subjective bias. There is also a 3rd approach called "knowing insider information" but none of us do have access to it.
  2. be opportunistic. That also includes having overnight trades while you sleep, which I hate with all my heart but I do anyway.
  3. don't care about actual news results, remember news are only vehicle (and often delayed) for market to make a predetermined move. The only exception are strong unexpected news (like war) which we can't predict.
  4. never ask the question "why" because it does not matter.
  5. losses are part of trading (this one you seem to grasp already which is great)
  6. not trading means not losing (instead of not winning). In other words, FOMO is a curse. Timing is more important than "being in the market" (like now for example)
  7. Learn to use either excel or google sheets to optimize your system, if you do mechanical trading. In case of gut trading, do the journo thing. Both help tremendously.
  8. Wish you luck and profits!

  • #62,509
  • Jan 31, 2025 8:44am Jan 31, 2025 8:44am
Quoting mades
{quote} As an old-timer, let me give you a few advices you might appreciate in the long term: remember there are only 2 approaches to trading: gut (discretionary) trading and mechanical trading. I prefer mechanical trading because you can actually backtest with real value. Most traders here do discretionary trading which includes all the fibs, trendlines, channels and other stuff with subjective bias. There is also a 3rd approach called "knowing insider information" but none of us do have access to it. be opportunistic. That also includes having...
And this is why i back test the way i trade so i know when i enter trade...i dont need to worry about risk reward...if i take this same set up 10 times how often do i win? i will manage my positions accordingly. and if there is no set up for me...i dont take the trade...no trade is still a win
Amateur traders think about how much they could make, professionals see how much they could lose. basically pros manage risk.
Trade what’s happening, not what you think is going to happen.
  • #62,510
  • Jan 31, 2025 8:46am Jan 31, 2025 8:46am
Sellers are comming ...
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #62,511
  • Jan 31, 2025 8:48am Jan 31, 2025 8:48am
Quoting mades
{quote} As an old-timer, let me give you a few advices you might appreciate in the long term: remember there are only 2 approaches to trading: gut (discretionary) trading and mechanical trading. I prefer mechanical trading because you can actually backtest with real value. Most traders here do discretionary trading which includes all the fibs, trendlines, channels and other stuff with subjective bias. There is also a 3rd approach called "knowing insider information" but none of us do have access to it. be opportunistic. That also includes having...
Hi Mades, I really appreciate your comments and suggestions. Thank you so much. Yes, I'm more of a mechanical or technical trader when it comes to making decisions based on charts. I've learned a little bit about fundamentals, but I don't follow them completely because, from my observation, news doesn't always have a full impact, as it eventually comes back to technical analysis anyway. I prefer day trading. One to three entries a day are enough for me, sometimes just one entry is enough to last the whole day. Every day, week, or month, I have a trading plan, such as how much profit I want to make for the day, week, or month. So far, so good. Simple strategy, but it makes consistent profit. Thank you. Wish you and all of us good luck too.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #62,512
  • Jan 31, 2025 8:52am Jan 31, 2025 8:52am
Quoting mades
{quote} As an old-timer, let me give you a few advices you might appreciate in the long term: remember there are only 2 approaches to trading: gut (discretionary) trading and mechanical trading. I prefer mechanical trading because you can actually backtest with real value. Most traders here do discretionary trading which includes all the fibs, trendlines, channels and other stuff with subjective bias. There is also a 3rd approach called "knowing insider information" but none of us do have access to it. be opportunistic. That also includes having...
So wise bro , thank you
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #62,513
  • Jan 31, 2025 8:56am Jan 31, 2025 8:56am
Quoting teprewitt23
{quote} 2 years is just the surface imho, that is true but, this is a long, complex, and difficult journey. There is no universal solution to success in trading, sounds unrealistic but it is absolute. What works for one person, does not always work for others, as i am sure you have recognized. When a trader finds their "magic combination of ingredients", even sharing it with others does not guarantee success. successful traders rarely share all the ingredients of their strategy. even if they did, you will learn over time that you can not take anyone...
Yes, I agree. 2 years of experience is indeed considered very raw in this field. I spent months trying to understand and use support and resistance (SNR), supply and demand (SND), fair value gaps (FVG), Fibonacci retracements (Fibo), trendlines, moving averages (EMA), etc. But in the end, I focused only on the previous high, low, and mid key levels, as well as today's key levels (Asian session high, low, mid). I focus on rejections or breakouts at those key levels. And I only trade on the M15 timeframe. So far, that's the best and has been very successful for my personal trading journey.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #62,514
  • Jan 31, 2025 9:04am Jan 31, 2025 9:04am
I think they target 3000 for the coming (one-two) months.
  • #62,515
  • Jan 31, 2025 9:07am Jan 31, 2025 9:07am
2814 short, next 2820
People don't plan to lose. They lose because they don't plan.
  • #62,516
  • Jan 31, 2025 9:08am Jan 31, 2025 9:08am
Might be 2820
  • #62,517
  • Jan 31, 2025 9:09am Jan 31, 2025 9:09am
Possibility of 2400 possible again in few months? Its crazy bullish atm wtf.
  • #62,518
  • Jan 31, 2025 9:14am Jan 31, 2025 9:14am
Quoting PatienceFx
{quote} waiting for 2815
2826 before the week ends
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  • #62,519
  • Jan 31, 2025 9:16am Jan 31, 2025 9:16am
Quoting Eren10
I think they target 3000 for the coming (one-two) months.
For sure they can.

The only thing i think about it how easy it goes.. incredible.

i still wait for a bearish block
  • #62,520
  • Jan 31, 2025 9:16am Jan 31, 2025 9:16am
Quoting Scalper-N
Possibility of 2400 possible again in few months? Its crazy bullish atm wtf.
Lmao. Gold's value is increasing now. No freaking way they gonna accept that price.

This move is seeking zone to trade from. If they gonna go sell, probably they gonna agree around 2790 - 80ish. but depends on how high price gonna go.
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